Warren Buffett Quotes, Mistake Quotes, Twenties Quotes

The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Mistake Quotes , Twenties Quotes

To be successful, you should concentrate on the world of companies, not arcane accounting mathematics.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Successful Quotes , World Quotes

If you knew what was going to happen in the economy, you still wouldn't necessarily know what was going to happen in the stock market.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Investing Quotes , Economy Quotes

In other words, the percentage change in book value in any given year is likely to be reasonably close to that year's change in intrinsic value.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Book Quotes , Years Quotes

Money to some extent sometimes let you be in more interesting environments. But it can't change how many people love you or how healthy you are.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Love You Quotes , People Quotes

I have three boxes on my desk: In, Out, and Too Hard.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Three Quotes , Boxes Quotes

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Success Quotes , Money Quotes

A public-opinion poll is no substitute for thought.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Life Quotes , War Quotes

In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world. A right-thinking duck would instead compare its position after the downpour to that of the other ducks on the pond.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Thinking Quotes , Errors Quotes

Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Business Quotes , Investing Money Quotes

I view derivatives as time bombs, both for the parties that deal in them and the economic system.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Party Quotes , Views Quotes

I choose to work with every single person that I work with. That ends up being the most important factor. I don't interact with people I don't like or admire. That's the key. It's like marrying.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Keys Quotes , People Quotes

We don't have to be smarter than the rest. We have to be more disciplined than the rest.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Intelligent Quotes , Successful Investing Quotes

In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Running Quotes , Business Quotes

Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , People Quotes , Investing Your Time Quotes

I've seen more people fail because of liquor and leverage -- leverage being borrowed money. You really don't need leverage in this world much. If you're smart, you're going to make a lot of money without borrowing.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Smart Quotes , Investing Money Quotes

Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Knowing Quotes , Long Quotes

You have to be able to communicate in life and probably schools underemphasize that. If you can't talk to people or write, you're giving up your potential.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Giving Up Quotes , Writing Quotes

My idea of a group decision is to look in the mirror.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Mirrors Quotes , Ideas Quotes

You do not adequately protect yourself by being half awake when other are sleeping.

5 years ago

Message Copied

Tags : Warren Buffett Quotes , Sleep Quotes , Investing Quotes